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Oshkosh has been in the top 20 for much of the past year and finally landed the top spot.
So can you afford a home in Oshkosh?
Heres a closer look at the areas housing market and cost of living.
Also seewhat the housing market will look like at the end of fall 2024.
The national median was $439,950.
Thats 38.8% below the national average and 15.2% below the Wisconsin average.
However you look at the numbers, it seems homebuyers can maximize their purchasing power in Oshkosh right now.
Zillow had 243 listings at the end of July.
However, just over 76% of Oshkosh homes sell for more than the list price.
Oshkosh Cost of Living and Job Market
The Oshkosh cost of living is below the national average.
The job market also looks promising for potential homeowners.
The BestPlaces cost of living score for Oshkosh is 81.5, 18.5% lower than theU.S.
Can You Afford a Home in Oshkosh?
The following table provides theapproximate monthly mortgage paymentacross seven different Oshkosh neighborhoods to give you an idea of affordability.
The mortgage amount doesnt include property taxes or homeowners insurance costs.
If youre waiting for mortgage rates to drop significantly before buying, unfortunately, you could be waiting awhile.
Economists expect rates to remain on a slow decline through the end of 2025.
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